Diversified Energy Joins the Russell 2000 Index

Diversified Energy Company PLC (LSE:DEC);(NYSE:DEC) announced its inclusion in the Russell 2000® Index as part of the annual reconstitution of the Russell stock indexes. This change will take effect at the opening of US equity markets on July 1, 2024, according to the preliminary list of additions posted on May 24, 2024.

CEO Rusty Hutson, Jr. expressed excitement about joining the index, highlighting the increased exposure to the US investment community following their solid first quarter results and recent listing on the NYSE. He noted that the Russell 2000® Index is an important indicator of the US economy, emphasizing the company’s continued financial strength and performance.

The annual Russell US Indexes reconstitution ranks the 4,000 largest US stocks by total market capitalization as of April 30. Membership in the Russell indexes is determined by market-cap rankings and style attributes. Widely used by investment managers, these indexes benchmark around $10.5 trillion in assets as of December 2023.